Rising demand in the manufacture of household and industrial detergents is expected to drive product demand in developing as well we developed economies across the globe and driving the growth of the global sodium silicate market.
Covid-19 Impact & Market Status
COVID-19 has the potential to impact the global economy in three ways: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on enterprises and financial markets.
Covid-19 outbreak has been affecting multiple businesses and industries leading to interrupted travel, lockdown, social distancing and the like. These have restricted normal functioning of the businesses and resulted in supply chain anomalies, lack of business co-ordination across vendors and the like.
Alkaline Grade Segment is accounted for Highest Revenue during the Prediction Period
The market is divided into two categories based on grade: neutral and alkaline. Due to applications in pulp & paper, mineral processing, adhesives & binders, deinking, catalysts, drilling fluids, detergents/soaps, zeolites, textiles, and refractory cements, the alkaline category commanded the market share in 2019. However, due to rising applications in waste water treatment, the neutral category is predicted to rise at a faster CAGR throughout the projection period.
Detergent Application Segment is Likely to Register Highest Revenue during the Forecast Period
Paints, adhesives, refractories, tube winding, detergent, catalyst, and other applications make up the application section. Due to increased cleaning and washing activities, the detergent category commanded the market share in 2019. However, because to its simplicity of application, appropriate viscosity, ease of penetration, and high strength, the adhesive category is predicted to increase at a faster CAGR throughout the projection period.
Asia-Pacific Region to Dominate the Market during the Predicted Period
The sodium silicate market is studied in North America, Europe, Asia-Pacific, and Latin America and the Middle East, and Africa. Because of the vast number of firms present, Asia-Pacific led the market in 2019. However, due to increased activity in detergent, construction, tube winding, catalyst, and paper & pulp application of sodium silicate, North America is expected to expand at a faster CAGR over the forecast period.
Furthermore, the market in emerging as well as developed areas such as Asia Pacific and North America is predicted to accelerate due to increased R&D spending to broaden the product application and expanding automotive and construction sector in these regions.
The sodium silicate is a colorless mixture of sodium and silica oxides. Sodium silicate is used in detergents, soaps, and silica gel production. It's used as a binder, cement, filler, as well as adhesive, among other things. It's also used as a wall coating, in concrete, as a sealer and as a fire retardant. It's also used to keep wood and eggs fresh.
The textile and pharmaceutical sectors both employ sodium silicate. In liquid form, neutral sodium silicate is acceptable for use in medicinal and toilet preparations. The global Sodium Silicates market is projected to be around USD 9.5 billion by 2028, at a CAGR of 4.0 % during the prediction period.
Detergent applications are predicted to account for a major portion of sodium silicates over the projection period. Certain ratios of sodium silicates are applied to concrete floors to harden them, making them dustless, and to protect pervious building components from the effects of moisture.
It's also employed in the welding electrode and foundry sectors. Sodium silicate is used as deflocculates in the production of casting slips in the ceramic industry to keep solid particles suspended and prevent them from settling. In the refractories industry, sodium silicate is utilized as an air-setting bond in the manufacture of refractory cements and mortars. It is used in the vitreous enamel industry to clean the metal before to enameling, a process called as pickling.
Furthermore, technological advances and increasing investment by leading players in the target industry are expected to propel the worldwide sodium silicates market forward throughout the forecast period. Increased end-use applications are another important aspect driving the target industry's growth.
The global sodium silicates industry is very competitive and is anticipated to become even more so in the future years. However, the growing number of competitors is expected to boost overall market growth over the projection period.
Evonik Industries AG, Tokuyama Corporation, Nippon Chemical Industrial Co. Ltd. Merck Millipore Limited, PQ Group Holdings Inc., CIECH S.A., Occidental Petroleum Corporation, Sinchem Silica Gel Co. Ltd., Kiran Global Chem Limited, and Shijiazhuang Shuanglian Chemical Industry Co. Ltd. are some of the key competitors operating in the global Sodium Silicate market.
Latest Innovations in the Global Sodium Silicate Market: a Snapshot
- BASF stated in April 2019 that it will invest in renovating its silica facility in Düsseldorf-Holthausen, Germany. Over the next 10 years, a multimillion-euro investment will be made in the refurbishment and upgrade of current facilities. The Düsseldorf-Holthausen factory, which claims to be one of the world's largest silica facilities, manufactures silicates by fusing sand and soda.
- The CIECH Vitrosilicon facility increased its glassy sodium silicate manufacturing capacity by more than 20% in July 2018. The project, at PLN 4 million, is CIECH Group's latest investment in expanding its capacity in this region, after the replacement of the furnace in 2016 with one of Europe's most contemporary furnaces.
This market research study was created by compiling data from primary and secondary sources. Secondary research was conducted using a variety of sources, including (but not limited to) SEC filings, company websites, technical journals, paid data sources, financial reports, and other industry publications. In addition, to acquire first-hand data, the research methodologies perform comprehensive primary research with important industry players. Industry specialists then examine and validate the data.
Sodium Silicate Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 9.5 billion|
|Growth Rate||CAGR of 4.0 % during 2021-2028|
|Segment Covered||End User, Application, Type, Form, Grade, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Evonik Industries AG, Tokuyama Corporation, Nippon Chemical Industrial Co. Ltd. Merck Millipore Limited, PQ Group Holdings Inc., CIECH S.A., Occidental Petroleum Corporation, Sinchem Silica Gel Co. Ltd., Kiran Global Chem Limited, and Shijiazhuang Shuanglian Chemical Industry Co. Ltd.|
Key Segments of the Global Sodium Silicate Market
Type Overview, 2018-2028 (USD Billion)
Application Overview, 2018-2028 (USD Billion)
- Tube Winding
End User Overview, 2018-2028 (USD Billion)
- Pulp & Paper
Form Overview, 2018-2028 (USD Billion)
Grade Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa